What is Soin.biz? Is Soin a Scam? Soin Reivew – NOI

Actually, we have listed Soin in our Bad and Scams category because Soin.biz is a scam. If you want to know why is Soin.biz a scam, then you can find the details within our Soin.biz review as below. But, after knowing the fact that Soin is a scam, if you don’t want to find out more details on it, but instead want to find out the real ways to make money online, then you can find the list of legit online works and businesses by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/

Although we have listed several kinds of legit online works and businesses, we always suggest everyone establish their own business online in order to earn good income online. Now, maybe you are thinking it is very difficult to establish your own business online. But, it is not. Actually, it is very easy about which you can learn by taking step by step video tutorials by joining the reputed online business training program known as a Wealthy Affiliate. If you want to find out more details on Wealthy Affiliate, then you can click this link:- newsonlineincome.com/wealthy-affiliate-review/

OK, now let’s begin with our Soin review as below to find out what is Soin in real and why is a Soin scam.

Soin.biz is a Ponzi scheme, means an illegal and unsustainable business. That is already enough for us not to recommend it and prove it a scam. On top of that, it has provided lots of fake claims on its website.

Soin claims to be a company from the USA but there is not any proof for that. Even it has concealed its owner details and company’s address within a WHOIS. On top of that, if it is really from the USA, then it should be listed within SEC’s database, but it isn’t. The SEC’s Edgar database is free to search. If you can’t find investment company running from the USA in the SEC’s database, then it is 100% confirmed that they’re operating illegally. So, the address that Soin has provided may not be its real company’s address. On top of that, if some online business doesn’t reveal their owner details, then we should stay away from those kinds of businesses because none of the legit companies hide their owner details, only scam companies do.

Soin is also lying that it is the first dividend paying stock coin which you can hold and can get 3% daily dividend at the same time. They also lie that their aim is to connect stock market with blockchain technology. Actually, their so-called dividend paying coin is nothing other than the Ponzi point which doesn’t have any value outside Soin.biz.

They claim to pay 3% daily profit forever. Well, if you believe they are paying you that much profit by making a real profit by themselves, then you are fooling yourself. Think generally. If some company can generate 3% profit daily, then why even that company needs to collect the investment from several people and pay them 3% daily? Isn’t there another way to raise the fund for the company, such as Bank loan? Why aren’t they taking a loan from a bank at a much more lower rate, less than 1% monthly instead of paying 3% daily? Don’t you think the company can make much more profit by paying only 1% monthly interest rate to the bank than paying 3% daily by collecting investment from the several people? Even if we agree they can’t take a business loan, then also at least they can take a personal loan or just can use the credit card money and multiply their earnings.

So, why aren’t they doing that?

It is simply because they don’t have any such system from where they can make a real profit. That is why they only claim to make a profit from their so-called stock market with blockchain technology. In reality, they are just paying existing members using the money invested by other members. So, each time they pay the members by adding the profit margin, they will create debt in the system which will be increased day by day. In this way, the debt will be kept on increasing day by day and ultimately the company will be collapsed.

Now maybe you are thinking why they have to pay few members if they don’t want to pay the majority of members. Well, they need to pay few members to gain the trust of the people so that they can show the payment proofs and can lure more people into their scheme. If they don’t pay anyone, they can’t lure more people into their scheme. This is how every Ponzi scheme operates. Every Ponzi schemes pay few members to lure more investment into their scheme so that they can run with a big amount of money. Soin.biz is also such Ponzi scheme.

Actually, Soin is not only a Ponzi scheme but also a Pyramid scheme which is another illegal scheme because Soin also offers the referral commission up to 3 level referrals like MLM companies, but without selling any real products or services, just on the sales of its ROI plans in the name of its fake coin which makes it another illegal scheme, known as a Pyramid scheme.

If you don’t know what is Ponzi and Pyramid schemes, then you can find the details by clicking the following two respective links:-

Ponzi Scheme:- newsonlineincome.com/ponzi-scheme/

Pyramid Scheme:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/

Aforementioned, now it is clear that Soin is an illegal and unsustainable company with unclear owner details. So, we have listed it within our Bad and Scams category.